Bodal Chemicals shareholders approve resolutions, reappoint leadership

Bodal Chemicals Limited's 39th Annual General Meeting, held on Friday, September 26, 2025, via video conferencing, saw shareholders approve all ordinary and special business resolutions. The meeting included the adoption of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025. Remote electronic voting showed overwhelming support, with most resolutions passing with over 99% of votes in favor.

Shareholders also approved the re-appointment of key leadership. Suresh J. Patel was re-appointed as chairman and managing director for a three-year term starting May 13, 2026, with a basic salary scale of INR 9,00,000 to INR 18,00,000 per month and up to 3% commission on net profit. Bhavin S. Patel was re-appointed as executive director for a three-year term from May 13, 2026, with a basic salary scale of INR 6,00,000 to INR 16,00,000 per month and up to 2% commission on net profit.

Additionally, Mayank K. Mehta was re-appointed as an independent director for a second five-year term, from February 8, 2026, to February 8, 2031. The appointment of M/s. B N P S and Associates LLP as statutory auditor for five years, succeeding M/s. Naresh J. Patel & Co., was also approved, along with the ratification of remuneration for cost auditors M/s. Kiran J. Mehta & Co. at INR 1,65,000 plus GST for the fiscal year 2025-26. M/s Shah & Shah Associates were appointed as secretarial auditor for five years.